That is only maintaining the status quo, if they keep getting planes, hiring/training people, opening new cities their operating expenses increase, hence they do not have 36 months of cash. Their plan didn't call for this kind of oil price. while I do agree it is early, that is a big money lost no matter how you slice it. JB did not lost that kind of money (adjusted for inflation) on their first quarter.

We will see what their number show on the 4th and first quarters, that would be a good indication. Strong bookings don't mean sh!t if you can't cover expenses.